1 posts categorized "Evanston Fountain Square tower"

January 22, 2009

To the long list of mega-projects put on hold because of the recession and the credit crunch--the Chicago Spire, the Russia Tower in Moscow and the Nakheel Tower in Dubai--add this one: the Fountain Square skyscraper in Evanston.

"It's not something that would move forward in today's finance environment," the project's co-developer, Tim Anderson of Focus Development told me in a telephone interview Thursday. "We'll have to wait until the credit markets move forward."

There's been a flurry of activity related to the Fountain Square project in recent days. As the latest issue of the Evanston RoundTable reports, the Evanston City Council's Planning and Development Committee voted last week to allow a maximum height of 35 stories in the central part of the downtown business district.